I've been looking at this wedge last week and thought it would take longer to break so waited before posting. Now it looks like it's already making an attempt to break the resistance of the wedge. Trading it directly as shown on the chart. Good risk reward ratio and tight stop in case of a false breakout. Looks very bullish at the lower timeframe so this is a good...
On the 1hour chart I'm looking at a rising wedge that gives us a short opportunity. When zooming out a bit it's a very clear picture of a longer downtrend that conforms a short fits in. To trade this I'm going to enter as shown with a great RR of 3.58 (yes, including premature entering instead of breakout). I've chosen for this approach because I probably won't...
Something is moving American index are still in this uptrend that we have exploited in past sessions by positioning ourselves on a long trade. So far, the SP500 price is reaching its resistance area around 2820 points: from here it is very likely that an important retracement can start if the price does not breach this key level and confirm its breakdown. ...
Hello traders, We are looking at AUD/USD 4HR chart, where we can see price just broke out of a Rising Wedge Pattern. Overall the trend is still Bearish so looking for continuation and for a sell opportunity on the Wedge Re-Test. Wait for Re-test and then a Bearish Candle confirmation and we can enter this trade with great risk-reward. I will update this trade...
The price is making a very sharp move towards last years resistance forming a " Rising Wedge ". My prediction is it will test the resistance before falling down. Take profit at the first level where the wedge trend line is formed. This is valid in all the hourly time frames, might be a long term short position.
Some patterns i'm seeing on the chart. A sloppy falling wedge, possibly currently forming a rising wedge which leads me to believe it price will not break the upper trend-line of the triangle. With price action forming a rising wedge, with the trendline there and a rejection already, i don't believe the wedge will complete but still gives the same signal with the...
This chart is screaming for a breakout The SPY is screaming for a retrace down We are waiting for a confirmation breakout above the upper yellow resistance line at which point we will enter a long towards the targets set forth on the chart. Best of luck traders
After the bad annoucnment from Apple that caused the US Dollar, I can see it drop a lot further down.
ETH is setting up a short opportunity. The price action and volume indicate a rising wedge is forming. Ideal entry is $165. Waiting for the pattern to continue to develop before I enter.
Hey tradomaniacs, welcome to another signal my friends! Important: Wait for the retracement back to the range! Type: Swingtrade Sell-Limit:: 5,46 Stop-Loss: 5,52073 Target 1: 5,37220 Target 2: 5,35 Targt 3: 15,27613 Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
RISING WEDGE FORMED ON H1 & H4 REACHED TOP OF PREVIOUS RESISTANCE TREND. MIGHT BE A GOOD SHORT IF THE PRICE STAYS BELOW RESISTANCE LINE STOCHASTIC SHOWING OVERSOLD
We maintain over 50 rsi line , next stop ,if we don't go down will be another up hit into 70 area , we have 1 resistance tested up and one down
Stoploss at the top of the wedge should be good, hopefully we break through the downside!
Identifed rising flag after a breakout, although this is a sign of a reversal, looking for price to reach red line(0.5 Fib Retracement) before potentially making its way down. Wait for price to enter demand zone before setting a buy stop @73.598. Stop loss goes below previous low, and target is 30 pips for a risk/reward of 3.
As we can see on the daily chart we have bounced from the support of the lower part of the wedge. This makes the perfect opportunity for low risk high reward trade. I have entered with big lot size, because of the risk-reward ratio. Good luck to everyone. -This is not a financial advise, but only my opinion. Trade at your own risk!
Shown here on the 4hr chart is a potential rising wedge we may be in. Those tend to break downward....the potential bear flag we were in we seem to have broken upward from but with the current lack of bull volume to go with that break up we now how to explore other patterns. One is this current rising wedge we are seeing on the 4hr which tend to break bearish....